Getco, the high-frequency trading firm, has agreed to acquire Knight Capital in a $1.8bn deal that could see the creation of one of the largest US electronic trading and market-making companies on Wall Street.
A deal was reached after Getco raised the cash portion of its proposed offer. Existing Knight shareholders will have a choice to take $3.75 in cash per Knight share, or one share of common stock of the new holding company. That marked an increase from an initial offer of $3.50 a share for half of Knight’s shares.
Read more (subscription)
13 days ago,(2015/06/24) - Global Markets Exchange Group
Geneva, London, June 2015, Global Markets Exchange Group Limited (GMEX) announced today that it has become a member of the Swiss Futures and Options Association (SFOA). G...
7 days ago,(2015/06/30) - Fidessa
New York, June 30, 2015 – Fidessa group plc (LSE: FDSA) today announced the launch of its new low-latency DMA platform that provides brokers with high-performance, ...
608 days ago,(2013/11/05) - NovaSparks
National Bank Financial completes the deployment of NovaSparks FPGA Matrix technology for North American equity and futures data feeds NovaSparks™, an FPGA market data ...